Русский
Russia’s Federal Tax Service and the State Tax Administration of the People’s Republic of China have signed a memorandum of understanding that provides mechanisms for coordinating their respective digitisation of their tax systems, implementing training programs, and coordinating work at the international level.
Daniil Yegorov, Director of Russia’s Federal Tax Service, and Hu Jinglin, Yegorov’s Chinese counterpart, signed the document in Beijing during a visit to China from the Russian tax service.
The meeting participants discussed key areas of digital transformation in tax administration. The Chinese side presented the Golden Tax project and a smart taxation system based on cloud technologies, artificial intelligence, and interdepartmental exchange of data. The Russian side presented its own digital solutions, including a single tax account, an automated simplified taxation system, and the development of electronic document management.
Yegorov said “Our goal is to convert the maximum volume of business transactions into electronic form, which should improve transparency, administrative efficiency, and reduce the administrative burden on businesses.”
The meeting participants also discussed establishing a permanent tax secretariat and an additional data exchange system within BRICS, as well as developing tax cooperation within the Belt and Road Initiative (BRITACOM). With Russia-China bilateral trade currently running at about US$250 billion, and annual increases forecast, this Russia-China trade space is expanding and needs improved infrastructure to allow customs and related departments instant access to mechanisms that can accurately and speedily assess dutiable payments and track these. Ultimately, this will lead to digital systems that coordinate tax as part of the logistics blockchain – dutiable items can be paid for prior to reaching their destination, meaning that in-transit physical inspections and border checks will in future no longer be required.
